Chart of The Day: FTX Exceeds Coinbase on BTC Spot Volume Trades
Since the middle of May, FTX’s aggregated daily volume for Bitcoin spot trades has exceeded that of Coinbase. According to Coinbase’s company filings, monthly transacting users on Coinbase came in at 9.2m in the first quarter of this year, down from 11.4 million in the previous quarter. Trading volume also dropped from $547 billion in Q4 to $309 billion in Q1.
